Protect your portfolio with triggers
This tutorial shows you how to change settings and other behaviour, based on a market condition. By the end of this guide, your Hopper will use Triggers to automatically stop buying when the markets crash.
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PrerequisitesBefore you begin, ensure that you have the following prerequisites:
- You’ve got a Cryptohopper account
- You’ve got a working Hopper that’s funded. Otherwise follow this tutorial first.
- Your Hopper already buys and sells automatically, with signals or a strategy.
- (optional) You’ve created an AI. Learn how to create one here. (Hero subscriptions only)
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Creating your first Trigger- Click the “Config” dropdown in the menu bar on the left and click on “Triggers”.
- Click the “New” button.
- Give your trigger a name.
- Select the exchange, market and candle size it should watch.
- Decide what should trigger the action. Select A.I., or EMA if you don’t have an A.I.
- Click the dropdown. At the “Trigger when” dropdown, select “downtrend”. For A.I. users, select which A.I. you’d like to use.
- Select which action the Trigger should make. Since there’s a downtrend, we want to stop buying. Select “Set buying status”. Click the dropdown and make sure at “Set Status”, “disabled” is selected.
- (optional) set a cooldown if you don’t want a trigger to work for an amount of period after it worked.
- Click “Save”.
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What’s next?We will need to automatically enable buying too. Create your next Trigger.
- Create another Trigger.
- Repeat steps 3, 4 & 5.
- Repeat step 6, only now select “Uptrend” at the “Trigger when” dropdown.
- Select which action the Trigger should make. Select “Set buying status”. Now click the dropdown and make sure at “Set Status”, now is selected as “enabled”.
- (optional) set a cooldown if you don’t want a trigger to work for an amount of period after it worked.
- Click “Save”.
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